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China announces International Center for Digital RMB and Financial Measures Package in Shanghai

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  China Central Bank President Pan Gongsheng announced on Wednesday the creation of an international operating center for the Digital RMB. The measure, revealed during the Lujiazui Forum in Shanghai, seeks to boost the internationalization of Chinese digital currency and foster innovation in digital finance. The initiative is part of a package with eight strategic measures aimed at strengthening Shanghai as a global financial center. Among them are the creation of a interbank market transaction repository, the launch of a personal credit report agency and a pilot program for offshore trade financing reform in the Lin-Gang special area. The package also foresees the issuance of free trade offshore securities, improving the accounting system for transfronist operations, the use of monetary policy structural tools and the stimulus to negotiation of RMB exchange rate futures. The measures aim to expand financing channels and reinforce Shanghai’s position in the international financial ...
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Where to watch and predictions for the Copa América 2024 – 06/07

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  With a draw against Colombia in the last round of the Copa América group stage, Brazil will face Uruguay in the quarterfinals. The match will be on Saturday (6), at 10 pm, and promises to be one of the most disputed games. Historically, Brazil has the advantage over Uruguay. However, in the Copa América, the balance is clear. In 26 games, both teams have nine wins each, in addition to eight draws. Uruguay arrives at the quarterfinals with a perfect campaign in the group stage, leading Group C with nine points. The team has shown an efficient attack, with nine goals scored and one conceded. On the other hand, Brazil had an uneven group stage, finishing second with five points. The team scored five goals and conceded two. Want to know more about the best bets for this match? Keep reading. Uruguay vs Brazil Predictions for the 2024 Copa America Check out the best odds to bet on so far: Instant Casino is offering 1.95 for Uruguay to qualify for the next round TG Casino is paying 1.95...
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Bitcoin crash a great buying opportunity? VanEck

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  Since June, Bitcoin’s price has been on a remarkable downward trend, with the asset falling below $54,000 today. In its monthly development, Bitcoin has lost 21.7%, ending its “longest winning streak” ever. Despite the latest moves, investment firm VanEck remains bullish on the largest cryptocurrency on the market while the price of Bitcoin is retreating due to the latest developments involving the German government and Mt. Gox. At the time of publication, the price of Bitcoin was quoted at US$ 55,504.34 with a drop of 3.8% in the last 24 hours. In a recent move amid Bitcoin’s sharp decline, the cryptocurrency market has seen over $665 million in liquidations in the past 24 hours. This move comes as the largest cryptocurrency is facing heavy selling pressure as defunct exchange Mt Gox makes payments to its creditors. Investment firm VanEck has termed Bitcoin’s recent plunge as a “July 4th discount.” The financial giant sees the asset’s current pullback as an opportunity for inves...
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Analyst points out which cryptocurrency will be most affected by Mt. Gox; It’s not Bitcoin

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  Amid the imminent release of crypto assets from users affected by the bankruptcy of the Mt. Gox exchange, analyst Peter Chung warns of a severe impact on the price of one cryptocurrency in particular. Contrary to what many might imagine, Bitcoin is not the most vulnerable cryptocurrency in this situation. Mt. Gox, which was one of the world’s largest cryptocurrency exchanges until its bankruptcy in 2014, is set to distribute billions of dollars worth of BTC and BCH to its creditors. The distribution is estimated to include 142,000 BTC and 143,000 BCH, as well as 69 billion Japanese yen (JPY), totaling over $9 billion. The funds are scheduled to be released between July 1 and October 31, 2024. According to Peter Chung, director of research at Presto Labs, Bitcoin Cash (BCH) is particularly vulnerable to massive selling pressure. Chung predicts that “100% of Bitcoin Cash will be sold in the short term,” which should result in a sharp drop in price. BCH’s investor base is considered...
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Report suggests US economy peaks in second quarter; Details

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  A recently released report suggested that the US economy will peak in the second quarter of 2024. Cryptocurrency exchange Coinbase’s weekly market report, shared on July 12, highlighted macroeconomic data that indicates a slowdown in the US economy. The document mentioned several points related to data on manufacturing, unemployment and domestic demand as a basis for the main argument. “That said, the macro data has been providing plenty of evidence that the US economy has slowed (ISM manufacturing, unemployment, domestic demand, etc.), which we acknowledge. In fact, we think it’s very likely that the economy peaked in 2Q24 – one reason we think the Fed will cut rates starting September 18 (this month is too early and there’s no meeting in August),” he said. Furthermore, the report also highlighted that the June CPI print released this week (-0.1% MoM or 3.0% YoY) “came in below the median forecasts of +0.1% and 3.1%, which may support a more dovish bias from the Fed.” US CPI Dat...
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XRP Prediction 2028: Will the Cryptocurrency Price Hit $250?

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  An XRP price prediction for 2028 has been revealed recently. Will XRP price hit a staggering $250? Despite the price drops and fluctuations, an analyst has shared an epic price prediction for Ripple’s native cryptocurrency, XRP. In a post shared on July 11 on the X app, cryptocurrency expert known as The Great Mattsby highlighted in his analysis that the XRP token is poised for a potential rally that will drive the cryptocurrency’s price to reach $250 in the coming years. The expert based his analysis on technical indicators and XRP’s historical performance. “$XRP at $250 by 2028?? So $XRP at ±60000% aligns with the math of this green angle, which has also been a very important support and resistance angle in the past (highlighted). Proof that it’s not impossible,” the analyst wrote. The crypto expert also noted that “XRP has one of the tightest monthly Bollinger Band squeezes in its history and in all crypto right now. The last time it squeezed like this, it shot up 60,000%.” At...
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Charles Hoskinson and the Need for Decentralization After the Trump Assassination Attempt

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  Cardano cryptocurrency platform co-founder Charles Hoskinson recently shared his thoughts on a troubling incident: the assassination attempt on Donald Trump. Hoskinson proposes that decentralization, one of the pillars of cryptocurrencies, could be a lasting solution to avoid such threats. Yesterday’s incident, in which Trump was nearly hit by bullets that grazed his right ear, illustrates the urgency of this need. Trump’s sudden movement prevented more serious consequences. However, the attack resulted in one fatality and two injuries, in addition to the death of the shooter himself during the intervention. Hoskinson said that while the attack was shocking, it was not entirely surprising given the volatile political environment in the United States. He said political discourse has evolved from legitimate disagreements to a mindset in which disagreements are seen as destructive threats. “It’s very sad that people would wish death upon those they disagree with,” he said, highlight...
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